ETFs & Mutual Funds
Ether ETF Hopefuls Gear Up for Approval as Soon as Mid-July
- SEC gave constructive feedback to firms vying for Ether ETFs
- Many ETF issuers have yet to disclose the fees on their funds
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Asset managers are optimistic that the SEC will greenlight the first US ETFs that invest directly in Ether as soon as mid-July, saying the back and forth with the regulator remains constructive.
Despite earlier market speculation that approval would land during the July 4 holiday week, the Securities and Exchange Commission has told Ether exchange-traded fund applicants that they have until July 8 to submit updated paperwork, according to two people familiar with the matter. There may be an additional round of filings after the round due on Friday.